October 30 (SeeNews) - Macedonian transport, insurance and retail holding company Makosped reported on Tuesday a preliminary net profit of 149.4 million denars ($3.5 million/ 2.4 million euro) for the first nine months of 2007, up 351.7% on the year.
No company officials were immediately available to comment.
Following are details from Makosped's income statement sent to the Macedonian Stock Exchange (MSE), where the company is listed (in millions of denars):
|
|
Jan-Sept'07 |
Jan-Sept'06 |
| NET PROFIT |
149.4 |
33.1 |
| PRE-TAX PROFIT |
159.3 |
43.7 |
| SALES REVENUE |
1,109.2 |
1,037.4 |
Makosped reported a fivefold rise in its preliminary net profit for last year, to 109.5 million denars.
The Skopje-based company is included in MSE's blue-chip index. Its shares closed at 2,150 denars on Tuesday, unchanged from Monday, as no shares changed hands.
Makosped AD Skopje (www.makosped.com.mk) deals in international forwarding services, warehousing, exports and imports and retail trade. The company has 20 units across Macedonia and six representative offices abroad. It is the general distributor of Suzuki Maruti subcompact cars for Macedonia and operates two discount supermarkets.
Makosped set up an insurance company in 1995, Makosped Osiguruvanje, which has become one of the three largest insurers in the country, together with QBE Makedonija and Vardar Osiguruvanje.
(1 euro = 61.3662 Macedonian denars)